Personal Banking Solutions

 

 

Reward Checking | Totally Free CheckingGrand Checking |               

Senior Grand Checking  | Personal Savings  | Money Market Account | Certificate of Deposits IRA's

 

Reward Checking

  • Minimum opening deposit:  $200.00
  • Minimum monthly balance required:  None
  • Monthly service charge:  None
  • Unlimited check writing privileges
  • Earn a premium rate on balances up to $25,000.99
  • Free Debit Card - no ATM surcharge on withdrawals of $100.00+ 
  • Free Internet Banking
  • Online Bill Pay - $5.95 monthly service fee is waived on this account
    • No charge up to 15 transactions per statement cycle. 
    • Additional bill payments will be $ .50 each
  • Free eStatements 
  • First order of Reward checks are free 

 

Totally Free Checking

  • Minimum opening deposit:  $200.00 
  • Minimum monthly balance required:  None 
  • Monthly service charge:  None 
  • Unlimited check writing privileges
  • Non-interest bearing account
  • Imaged checks with monthly bank statement
  • Free ATM/Debit Card - no ATM surcharge on withdrawals of $100.00+
  • Free Internet Banking
  • Bill Pay: (First 3 months free)$5.95 per month for 15 items and $0.50 per item after 15. 
  • Free eStatements

 

Grand Checking

  • Minimum opening deposit: $200.00 
  • Monthly service charge: $15.00 unless you maintain an average balance of $2,500.00 in checking or savings or $10,000.00 in a combination of accounts linked to your personal account
  • Unlimited check writing privileges
  • Interest bearing account
  • Imaged checks with monthly bank statement
  • Free ATM/Debit Card - no ATM surcharge on withdrawals of $100.00+
  • Free Internet Banking
  • Bill Pay: (First 3 months free)$5.95 per month for 15 items and $0.50 per item after 15. 
  • Free eStatements
  • No charge for Travel Cards or Cashier's Check

 

Senior Grand Checking

  • Minimum opening deposit:  $200.00
  • Monthly minimum balance required:  $300 average daily balance
  • Monthly service charge:  $5.00 unless you maintain an average daily balance of $300.00 in checking or savings accounts 
  • Unlimited check writing privileges 
  • Interest bearing account
  • Imaged checks with monthly bank statement
  • Free ATM/Debit Card - no ATM surcharge on withdrawals of $100.00+ 
  • Free Internet Banking
  • Bill Pay: (First 3 months free)$5.95 per month for 15 items and $0.50 per item after 15. 
  • Free eStatements
  • No charge for Travel Cards or Cashier's Check
  • For clients 50 years of age+ 

 

Personal Savings

  • Minimum opening deposit:  $200.00
  • Quarterly minimum balance required:  $200.00 average daily balance
  • Quarterly service charge:  $7.50 if balance falls below required minimum 
  • Interest bearing account
  • Free ATM card
  • Free Internet Banking
  • Free eStatements
  • Transaction limitations per statement period:  Transfers from a Personal Savings account to another account or to third parties by preauthorized, automatic, telephone, computer, check, draft or similar order to third parties are limited to six per statement cycle. 
  • Excess transaction fee:  $5.00 for each withdrawal in excess of six (6) per quarterly statement cycle.

 

Money Market Account

  • Minimum opening deposit:  $200.00
  • Monthly minimum balance required:  $1,000.00
  • Monthly service charge:  $15.00 if balance falls below required minimum
  • Interest bearing account with tiered interest rates
  • Transaction limitations per statement period:  Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, computer, check, draft or similar order to third parties are limited to six per statement cycle.
  • Excess transaction fee: $5.00 for each withdrawal in excess of six (6)
  • Free eStatements

 

Certificate of Deposit

Certificate of Deposit (CD) is a type of savings certificate.  GrandSouth Bank offers time deposits with maturities from 7 days to 5 years.  Contact a Personal Banker at any of our branch locations to inquire about today's current rates.

 

Individual Retirement Accounts (IRAs)

Individual Retirement Accounts (IRAs) are intended to provide you with     long-term tax-advantaged savings for your retirement.  GrandSouth Bank offers Traditional and Roth IRA's with maturities from 3 months to 5 years.   Contact a Personal Banker at any of our branch locations to inquire about today's current rates.

 

 

FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

 

 

To calculate your deposit insurance coverage - Use the FDIC's Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie.

 

 

Please refer to our Account Disclosure for more detailed information.